re: O&G Landman knocking on my door for 'lease'(Posted by lnomm34 on 1/16/13 at 4:57 pm to Geauxld Finger)

quote:they want to purchase the mineral rights of you and your neighbors. you probably have access or deposits under your property.

Right, may be. But even IF I do, it's a minute slice of a pie. Coupled with the fact that even IF I do have minerals that are worth something under my land, wouldn't I be entitled to something directly from the oil company?

This guy is just someone who is trying to get them from me (and all of my neighbors) for next to nothing and he'd reap the benefits, am I correct?

I rather just hold out and see what happens. That's been my strategy so far any way. I don't need $150 that badly.

re: O&G Landman knocking on my door for 'lease'(Posted by Geauxld Finger on 1/16/13 at 4:59 pm to lnomm34)

quote:Right, may be. But even IF I do, it's a minute slice of a pie. Coupled with the fact that even IF I do have minerals that are worth something under my land, wouldn't I be entitled to something directly from the oil company?

This guy is just someone who is trying to get them from me (and all of my neighbors) for next to nothing and he'd reap the benefits, am I correct?

I rather just hold out and see what happens. That's been my strategy so far any way. I don't need $150 that badly

re: O&G Landman knocking on my door for 'lease'(Posted by lnomm34 on 1/16/13 at 5:07 pm to lsu480)

I did. I took the paperwork and read it over. I threw it away since, but if I remember correctly, it ended up being like he'd pay me $150 then I'd get some ridiculously small portion of some other ridiculously small portion. I calculated it and there is no way it would be worth my while.